Pensions - Articles - NOW Pensions - Launches in the UK

 • Key industry figures appointed to Advisory Board to oversee launch of the new pension fund ***

 ATP**, the Danish pension scheme, today announces it will be bringing its investment and pensions expertise to the UK market via a new independent multi employer trust, NOW Pensions*. Launched in anticipation of auto-enrolment in 2012, NOW Pensions will focus on delivering greater retirement income for the UK population and will be open for business from early 2012.

 With over 4.7 million members in Denmark and 45 years’ experience of successfully managing and administering the largest pension scheme in Denmark, ATP is keen to share its long-standing experience of delivering low-cost pensions and making it easier for UK employers to comply with auto-enrolment and provide employees with easy to understand, serviced, quality pensions that deliver long-term stable returns.

 The NOW Pensions’ Advisory Board, whose role is to safeguard the interests of members, comprises well-known industry figures with different areas of expertise, all of whom will become Trustee Directors from the beginning of 2012:***
   

  

 Lars Rohde, CEO of ATP Group comments “I’m dedicated to giving people a decent pension and excited to be part of bringing this to the UK. There is a need for a member-centric solution designed for ease of use with low costs and cutting edge investment strategy, which delivers long term stable returns. Our in-house investment capabilities, combined with our novel and innovative approach, allow us to be agile and efficient.”

 Morten Nilsson, up till now head of ATP International Operations and CEO elect at NOW Pensions says: “Auto-enrolment is a very important development in pension provision in the UK. It is vital for it to be a success and offer both employers and employees alike a good pension outcome based on cost efficiency, stable long term investment returns and a strong and member centric governance structure. We believe that by leveraging ATP’s unique experience in running a similar scheme and its strong investment capabilities, NOW Pensions is well placed to offer a better deal to UK employees.”

 Morten Nilsson continued: "Each member of our Advisory Board is passionate about creating a better retirement income proposition in the UK, on a commercial and sustainable basis. I also believe the board’s interesting dynamic, with expertise and experience representing all main aspects of delivering pension - member, employer, actuarial, investment and political – will provide a strong basis for a successful solution for the UK market.”